Podcasts about morningstar

Our guest on the podcast today is Brett Arends. Brett has been a columnist for MarketWatch, The Wall Street Journal, and other Dow Jones publications since 2007. His regular column for MarketWatch is called ROI, and he has also written for SmartMoney, TheStreet.com, and the Boston Herald. In addition, Brett has written several books including Storm-Proof Your Money: Weather Any Economy, Rebuild Your Portfolio, Protect Your Future. Brett took a double first in history at Cambridge University and did postgraduate research at Oxford University. He's also a chartered financial consultant. Episode Highlights 00:00:00 Financial Journalism Origins and Early Stock-Picking Lessons 00:11:12 Comparing the AI Boom to Dot-Com Bubble 00:21:53 Diversification, Index Funds, and AI Bubble Risk 00:26:25 Why Private Securities Are a Bad Deal 00:33:09 Why TIPS Are Attractive Under Rising Inflation 00:38:10 Generating Retirement Income and Immediate Annuities 00:45:35 Social Security and Policy Risks More From Morningstar GQG: Why We Are Still in an AI Stock Market Bubble Jeremy Grantham: ‘Almost Everything Looks More Attractive Than the US Equity Market' How to Use TIPS in Your Portfolio If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine's weekly newsletter, Improving Your Finances. If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Chasing performance feels like the easiest way to make money—but buying what has already gone up often means arriving late and leaving with less.In this episode of Talking Real Money, Tom and Don examine the “behavior gap”: the difference between an investment's return and what investors actually earn after buying high, selling low, and chasing the latest market story. They explain why disciplined diversification and a sensible asset allocation usually beat a portfolio built around hot ideas.They also answer listener questions about retirement withdrawal order, Roth conversions, reinsurance funds, high investment costs, and whether financial recommendations are influenced by commissions.00:20 Why buying what's hot usually means arriving late01:42 Chasing performance without ever catching it03:03 How Bitcoin rose while Bitcoin ETF investors lost money04:58 The costly confusion between “has gone up” and “is going up”05:53 Morningstar's “Mind the Gap” research06:44 AI, chips, and the latest performance-chasing cycle07:37 Asset allocation versus a collection of hot ideas09:21 Why trying to beat the market often backfires10:16 Listener Question: Retirement accounts and withdrawal order12:29 Taxable, pre-tax, or Roth—which money should come first?15:35 Listener Question: Do reinsurance funds belong in a portfolio?16:58 Catastrophe risk, complexity, and nearly 2% in expenses21:33 Listener Question: Are fund recommendations influenced by compensation?23:27 Why “trust us” isn't a convincing financial argumentQuestions? Comments? Click!

Have you got a plan if your income stopped tomorrow? Shani runs through hers.You can find the full article here.You can find the article for the order to liquidate assets here.Would you like more free insights from Mark, Shani and the rest of the Morningstar team? You can find them here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

This episode is recorded live at BrandSmart, the longest-running brand marketing conference in the U.S. BrandSmart brings together noteworthy speakers and future-forward marketers — a who's who of decision-makers and influencers — to share proven tools, smart ideas and inspiring stories. Joining the CMO Whisperer today is Christine Buck, CMO of MiniTab and AMA board member, as well as the 2024 AMA Chicago Marketer of the Year. Christine brings deep global experience and a sharp data-driven perspective to the table. She is a global advisor and thought leader supporting the transformation of the health ecosystem through information and technology. Christine leads the planning and development of global marketing strategy across all products, channels and regions. Christine's experience is broad and uniquely global with almost 27 years of B2B sales and marketing expertise from roles held in financial services, software and consulting industries. Christine has built and led teams globally across brand management, creative, product marketing, research, pricing and analyst relations for leading firms Hootsuite, Morningstar, Huron Consulting, Accenture, Bank of America and Microsoft.

Send us Fan MailListen closely, my goodman, Golden Son ruined our bloody damn lives… and we're here to fill you in on the heartbreak. ☄️We kicked off Sci-Fi Summer with a full-length episode introducing the genre and setting the scene for a closer analysis of science fiction. We discuss who has historically defined and dominated the genre, its subsequent evolution, and how our newest deep dive obsession, the Red Rising series by Pierce Brown fits into it all. Next, we covered book one to see if it lives up to the hype you all have given it. And boy howdy did it exceed our expectations. Today we're diving into book two: Golden Son. We're out of The Institute and tossed into the “real world,” unforgiving and brutal as it is. We're watching The Rising build and The Society break down (not unlike our main character Darrow) in real time, and the stress… is all-consuming (to put it mildly). We can only examine the implications of real or imagined technology and science on society thoroughly, critically, and responsibly through an intersectional lens. Is Pierce Brown doing this responsibly while also keeping us entertained? We bring you our spoiler free reviews, “Five Sentence Summary” and all our faves and least faves, but also discuss sci-fi themes, differences and similarities to fantasy, the romance, genre miscategorization, lore and fun facts, quotes, character growth and relatability, and most importantly… themes. It might be time to bust out the Cryometer™ because no one is safe in this brutal world and we fear the stakes are only going to get higher. Next week we will be covering the “conclusion” to the original trilogy with Morning Star but don't worry, after that we will continue on with the next three…and finish one day with Red God!Don't be shy, subscribe! New Podcasts every Tuesday!! (And sometimes Friday!…)Shop our Merch line | *  https://besties-and-the-books-shop.fourthwall.comCheck out these narrator interviews? ⬇️Anthony Palmini gives us the lowdown on what it's like to voice act Rhysand, Kingfisher, AND Slade Ravinger! https://youtu.be/zcCyrlZ5Jcc?si=2k7ULbRPgZl_5pUJCheck out these author interviews? ⬇️Penn Cole talks with us about Strong Female Characters, Feminist Themes, and her debut bestselling Spark of the Everflame Series! https://youtu.be/7ukNImyoObw?si=7C3Y9kOUMN4hfcKbWe interviewed Callie Hart all about her NYT Bestseller Quicksilver! Watch it here! https://youtu.be/CED5s7qDBdQ?si=8xtIRO1IzX6Rsld4Check the official Follow Up Author Interview with Lindsay Straube of the Split or Swallow Universe all about Between Two Kings! https://youtu.be/OW1cxXTVcTc?si=oOxVIzbIheET_bNENikki St. Crowe, the queen of spicy fairy tale retellings chats with us about diving into the land of Oz with West of Wicked! https://youtu.be/wwFYSDKcbtE?si=X6iNmUVAE6Xhmv7B____Shop Bookish Merch we are wearing:Ashley is wearing: A custom Impressive Wingspan tshirt from @DownTheBondofficial | Use Code: BestiesandtheBooks for 15% | https://www.downthebond.comLiz is wearing: an Aedion hoodie from @thebeanworkshop | use our affiliate code “BOOKBESTIES10”)  | * https://www.thebeanworkshop.store/BOOKBESTIES10 Any link with an * is an affiliate link through the service Magic Links and is eligible for a commission to us with no extra cost to you. Thank you for helping support our podcast!Support the showYouTube | TikTok | Instagram | Podcast Platforms@BestiesandtheBooksPodcast Besties and the Book Club on Fable!https://fable.co/bestiesandthebookclub-474863489358Liz Instagram | TikTok@TheRealLifeVeganWife AshleyInstagram | TikTok@AshleyEllix

SOS - Memory StonesFile Size: 65637 kbFile Type: mp3Download File [...]

FROM TODAY'S RECAP - Article: Aren't Jesus and Satan Both Referred to as "The Morning Star"? - D-Group International Note: We provide links to specific resources; this is not an endorsement of the entire website, author, organization, etc. Their views may not represent our own. SHOW NOTES: - Follow The Bible Recap: Instagram | Facebook | TikTok | YouTube - Follow Tara-Leigh Cobble: Instagram - Read/listen on the Bible App or Dwell App - Learn more at our Start Page - Become a RECAPtain - Shop the TBR Store PARTNER MINISTRIES: D-Group International Israelux The God Shot TLC Writing & Speaking DISCLAIMER: The Bible Recap, Tara-Leigh Cobble, and affiliates are not a church, pastor, spiritual authority, or counseling service. Listeners and viewers consume this content on a voluntary basis and assume all responsibility for the resulting consequences and impact.

What exactly is a model portfolio—and should you trust one with your retirement?Tom and Don explain why professionally designed model portfolios can improve consistency and reduce advisor bias, but also why investors should be wary as firms like Morningstar begin adding private equity, private credit, and other alternative investments to traditional portfolios.00:12 What is a model portfolio?02:11 Why advisors should use investment models03:31 Morningstar's new private market portfolios05:20 Liquidity problems with private investments07:27 The high cost of private equity08:12 “Persistent inflation” claims examined10:49 Why Wall Street wants retirement assets12:23 Listener questions begin14:17 AUM vs flat-fee vs hourly advisors21:22 Do ETF expense ratios add together?23:21 Roth IRA income limits and backdoor strategy27:44 BrokerageLink inside a 401(k)31:00 Costco, avocado oil, and gas pricesQuestions? Comments? Click!

Most people assume a successful career in finance starts with the "right" degree.Lindsey Stewart's started behind the counter at McDonald's.At 18, he made the decision to skip university, avoid student debt, and learn by doing. Years later, that path led him to Morningstar, where he now helps some of the world's largest institutional investors turn complex data into better decisions.In this episode, Lindsey and Stacy discuss: Lindsey's backstory – from an investor relations firm to a Big Four acquisition to MorningstarWhy he put McDonald's back on his LinkedIn profile after years of leaving it offWhat nearly broke him about the CFA exam, and what finally helped him passThe bias he sees across the finance industry (and why it may be holding talented people back)Why "sounding smart" and being understood are not the same thingMore About Lindsey Stewart:Lindsey Stewart, CFA, is Director of Institutional Insights at Morningstar, where he leads content and outreach for institutional investors. His 25-year career spans investor engagement, financial regulation, and communications at firms including KPMG and the UK Financial Reporting Council. He is a Chartered Management Accountant and holds the CFA designation, and was a Senior Leader Finalist at the 2021 Black British Business Awards. ---Running a fund is hard enough.Ops shouldn't be.Meet the team that makes it easier. | billiondollarbackstory.com/ultimus

Today on the podcast, we welcome back Dana Anspach. Dana's the author of a new book about retirement called Living Off Your Acorns: Your Guide to the Four Phases of Retirement. This is her third book. Earlier books are Control Your Retirement Destiny and Social Security Sense. Dana is also founder and CEO of the financial planning firm Sensible Money, based in Scottsdale, Arizona, and she has been practicing as a financial planner since 1995. In addition, Dana's the author of the lecture series, How to Plan for the Perfect Retirement, available on The Great Courses, and she has been blogging about her own retirement journey on The Retirement Manifesto website. Episode Highlights 00:00:00 The “Pre-Go” Phase, Unplanned Early Retirement, and Working Longer 00:10:19 “Retirement Red Zone” Risks, Two-Bucket Strategy, and Building a Bond Ladder 00:17:34 Balancing Guaranteed Income and Annuities 00:21:54 TIPS, Cash Flow Projections, and Getting Comfortable Spending 00:31:33 Strategies for Long-Term Care 00:36:19 Planning the Transition to Retirement 00:40:34 Estimating Longevity, Lost Decade Potential, and Inflation Risk 00:46:11 Minimizing Taxes and Mitigating Financial Fraud Risk More From Morningstar Dana Anspach and Fritz Gilbert: ‘This Is What a Joyful Retirement Could Feel Like' Adam Grossman: Asset Allocation Is an Investor's Best Defense Bill Bengen: ‘Inflation Is the Greatest Enemy of Retirees' If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine's weekly newsletter, Improving Your Finances. If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, we dive into the fascinating world of Generation Z and their unique financial habits with certified financial planner Jennifer Johnson from Three Magnolias Financial Advisors. As we explore the financial landscape for this younger generation, we uncover some surprising trends: while Gen Z is investing earlier than any previous generation, they also score the lowest on financial literacy.Join us as we discuss the implications of these findings, including their reliance on social media for financial advice and the potential risks associated with their investment choices. We examine the paradox of Gen Z's aggressive saving and investing habits alongside their lack of foundational financial knowledge. What does it mean for their future, and how can they better position themselves for success?Jennifer shares insights from a recent Morningstar article highlighting Gen Z's investment behaviors, from their interest in cryptocurrency to their participation in sports betting and prediction markets. We also consider the importance of seeking reliable financial guidance and the value of traditional investment strategies over speculative approaches.For more information, visit Three Magnolias Financial Advisors on the web or call 336-701-1600STORY FROM MORNINGSTAR WEALTH: https://www.morningstar.com/funds/gen-z-invests-earlier-than-any-generation-also-scores-lowest-financial-literacyThe Triad Podcast Network is proudly sponsored by The Ginther Group Real Estate, Dewey's Bakery, and Three Magnolias Financial Advisors.

Morningstar's Markets Brief urges investors to watch second-quarter earnings because guidance and revisions can reset valuations. Large banks will set the tone on credit by reporting net interest income, deposit costs, and credit losses. Technology platforms including Microsoft, Amazon, and Alphabet will update cloud and AI demand, with Nvidia supply as a factor. Consumer and advertising signals will come from Walmart, Target, Costco, Starbucks, McDonald's, Meta, Alphabet, and Snap. Logistics and industrials such as UPS, FedEx, Union Pacific, CSX, C.H. Robinson, Caterpillar, and Honeywell will detail volumes, rates, and backlogs. Energy and utilities including Exxon Mobil, Chevron, ConocoPhillips, NextEra Energy, and Duke Energy will connect commodity and power trends to cost structures. Founders can use these disclosures to recalibrate budgets, vendor terms, hiring, and capital spending for the rest of the year.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

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In this episode we answer emails from I Have No Name, Shellie, Midwest Nice, and Mr. Ed (a motley crew indeed!).  We discuss some massively funny generosity to our Top of the T-Shirt Campaign for the Father McKenna Center, an odd small cap value fund in a 401(k) and the issues surrounding holding too much cash, how stocks and long-term treasury bonds can both rise while still showing negative correlation and how that relates to the Four Quadrant Model, and redeploying proceeds from the sale of real estate.  And lutefisk.And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Links:Father McKenna Center Donation Page (please mention Risk Parity Radio in the comment section with your donation):  Donate - Father McKenna CenterPMJAX at Morningstar:  PMJAX – Portfolio – PIMCO RAE US Small A | MorningstarPMJAX Comparison:  Asset Analyzer for ETFs, Stocks, and Funds | testfolioPortfolios With More and Less Cash Comparison:  Portfolio Backtester for ETFs and Asset Allocation | testfolioS&P500 and LT Treasury Bond Comparison:  Asset Analyzer for ETFs, Stocks, and Funds | testfolioThe Four Quadrant Model Exquisitely Explained With Illustrations Inspired By Vermeer:  The Four Quadrant Wealth Atlas.pdf - Google DriveFour Quadrant Model Video:  Understanding Correlations and Diversification Using the Four Quadrant ModelBreathless Unedited AI-Bot Summary:A listener spots a new “small cap value” option in a 401(k) and asks the question most DIY investors eventually face: how do you tell what a fund really is when the plan uses a custom name and no ticker? We walk through a practical, repeatable research process using an AI chatbot (Gemini or ChatGPT) to find the closest public equivalent, then confirming style exposure and performance on Morningstar and Testfol.io. Along the way we discuss what “micro” exposure can mean, why “perfect” isn't required inside a restrictive plan, and how you can still build a solid risk parity-style asset allocation with the tools you have.Then we tackle the comfort blanket that can quietly cost you money: cash. We explain cash drag, why holding 25% in cash can act like you're not investing a quarter of your portfolio, and why bucket strategies don't magically solve sequence of returns risk just by relabeling accounts. We also dig into tax-efficient investing and asset location, including why taxable cash interest can be brutal in retirement and when it may make sense to reposition assets between taxable and retirement accounts.A father writes in with his son's surprisingly sharp question about bond stock correlation: if stocks go up over time and long-term Treasury bonds are negatively correlated, do bonds usually go down? We answer with long-run data, show why both can rise while still diversifying each other, and point to specific regimes like 2000 to 2010 versus 2022. We also field a real-world planning scenario on investing property sale proceeds while keeping ACA premium tax credits in mind by managing MAGI, before wrapping with our weekly portfolio review across the eight sample portfolios (VOO, QQQ, VIOV, GLDM, VGLT, PDBC, PFFB/PFFV, DBMF and more).Subscribe for more practical risk parity investing guidance, share this with a friend who's stuck in a confusing 401(k), and leave a rating and review so more DIY investors can find us.Support the show

Living For God's GloryFile Size: 60115 kbFile Type: mp3Download File [...]

Given the new tax changes with capital gains, hurdle rates have changed and the attractiveness of investing vs paying off your mortgage has shifted. We run through how to work out what your hurdle rate is depending on your tax rate and mortgage circumstances.Would you like more free insights from Mark, Shani and the rest of the Morningstar team? You can find them here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

Jason Kephart, Morningstar analyst and former InvestmentNews reporter, chats with Bruce Kelly about the state of the alternative investment industry.

Dr. Kristen Wager is PhD-trained consumer insights leader with deep expertise in the food creator economy. Over the past decade, she's led research initiatives at Kellogg Company supporting top CPG brands like Special K, Cheez-It, and Morning Star. Most recently she built research programs for the top 100 food creators at Raptive. That's where she gained firsthand insight into the food creator ecosystem and the challenges creators face. That experience led to the creation of Recifix, a creator-powered cooking platform that connects home cooks, food creators, and brands within one ecosystem.

Morning Star Gali Missing & Murdered Indigenous WomenMorning Star Gali (Ajumawi band of the Pit River Tribe) is a prominent Indigenous rights activist and Executive Director of Indigenous Justice, who leads grassroots advocacy for the Missing and Murdered Indigenous Women and Peoples (MMIWP) crisis. [1, 2]She works to combat the epidemic of violence, trafficking, and systemic neglect affecting Native communities. Her advocacy focuses on several key pillars: [1, 2, 3]Direct Family Support: Gali works closely with the families of victims to push for full investigations into cases that are often dismissed or inadequately handled by local police and the FBI. [1, 2]Addressing Systemic Inequities: She actively exposes the stark contrast in media coverage and law enforcement response, highlighting how missing Indigenous women frequently receive little to no support compared to non-Native cases. [1]Historical Intersections: She draws attention to the connections between historical colonization, modern extractive industries (like fossil fuel and mining companies near Native lands), and increased rates of gender and sexual violenceBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-opperman-report--1198501/support.

Our guests on the podcast today are Cody Garrett and Sean Mullaney. They're both advice-only financial planners, and they're the co-authors of a new book called Tax Planning To and Through Early Retirement. Cody is a certified financial planner and the founder of Measure Twice Money, where he helps DIY investors make informed decisions aligned with their values. He also leads Measure Twice Planners, which is an educational community for financial planners. Sean Mullaney is a certified public accountant and head of Mullaney Financial & Tax. He also writes the blog, TheFITaxGuy.com, which is focused on the intersection between financial independence and taxes. Episode Highlights 00:00:00 Introduction 00:01:27 Defining Early Retirement, the 4% Rule, and Withdrawal Strategies 00:11:03 Fear-Based Tax Narratives and Retirement Calculators 00:15:10 Rethinking Future Tax Rate Assumptions 00:23:14 Retirement Savings Tax Trade-Offs 00:30:08 Taxable Accounts in Early Retirement 00:32:29 Backdoor Roth IRAs, Asset Allocation, and Sequence Risk 00:44:03 RMDs, Roth Conversions, and Retirement Planning Tools More From Morningstar Bill Bengen: ‘Inflation Is the Greatest Enemy of Retirees' A Tax-Smart Plan for In-Retirement Withdrawals in 3 Steps Morningstar's Tax-Planning and IRA Resources for 2026 If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine's weekly newsletter, Improving Your Finances. If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CComenzamos la hora con el Radar Empresarial, donde analizamos el nuevo plan de ajuste anunciado por Microsoft, que supondrá el despido de 4.800 empleados y afectará especialmente a la división de Xbox. Repasamos las razones de esta reestructuración, el impacto de las inversiones en inteligencia artificial sobre las grandes tecnológicas y cómo estas compañías están redefiniendo sus prioridades de negocio. En el Foro de la Inversión hablamos con Pierre Sáenz, socio de Infraestructura Sostenible de Arcano Partners, para analizar las oportunidades que ofrece el mercado de las infraestructuras en un contexto de fuerte crecimiento de la economía digital. Durante la entrevista abordamos las previsiones de Arcano, que estima inversiones cercanas a los 800.000 millones de dólares en centros de datos hasta 2027, impulsadas por el desarrollo de la inteligencia artificial y la creciente demanda de capacidad de procesamiento. También analizamos el lanzamiento del tercer fondo de infraestructuras de Arcano Partners, que nace con un objetivo de captación de 300 millones de euros, así como las oportunidades que ofrecen este tipo de activos para los inversores que buscan rentabilidad a largo plazo y diversificación. Terminamos con el Consultorio de Fondos junto a Fernando Luque, editor de Morningstar, que responde a las consultas de los oyentes y analiza las principales tendencias de la industria de fondos de inversión, las estrategias más interesantes para el actual entorno de mercado y las oportunidades que ofrecen las distintas categorías de activos.

Morningstar released its Q3 US stock market outlook, highlighting how sector leadership, valuations, and rate expectations may shift as earnings season begins. The Federal Reserve's policy path under Jerome Powell remains the key driver of financing costs and risk appetite. Concentration in the S&P 500 and the Nasdaq Composite contrasts with rate sensitive exposure in the Russell 2000. Earnings guidance will inform procurement scrutiny, pricing power, and hiring intentions across industries. Credit conditions from bank lending standards and private credit markets continue to shape growth financing terms. Founders are advised to plan for multiple interest rate scenarios, tighten vendor agreements, and communicate runway and unit economics to investors and boards.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Pat Dorsey is the Founder of Dorsey Asset Management, a $1.7 billion global public equity manager focused on companies with competitive advantages and long investment runways. Pat created Morningstar's moat research framework and led its equity research efforts for a dozen years before launching his firm in 2014. Our conversation covers the nuances of investing in businesses with wide moats across quantitative analysis, switching costs, network effects, brands, management, alignment, capital allocation, and reinvestment runways. We then turn to Pat's application of moat analysis to his investing, including concentration, global scope, position sizing, decision making, and lessons learned. Any leader should see for themselves the benefits of elite coaching. Try ALEX: tryalex.admiredleadership.com. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership   Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠)

The fear of running out of money in retirement turns out to be mostly backwards. For super-savers, the data says the opposite usually happens. A piece from Danielle Labotka at Morningstar makes the case that for a lot of retirees: Being too cautious with your spending is actually the bigger risk.  In our listener question segment: Anonymous wants to give money to her kids with warm hands, not cold. How much you can safely give today without putting your own retirement at risk? And then we'll wrap up with our Retire To Something segment: Dabbling in a little of everything. Resources: Article by Danielle Labotka at Morningstar: Is Your Cautious Retirement Spending Doing More Harm Than Good? Book by Bill Perkins: Die With Zero: Getting All You Can from Your Money and Your Life   Connect with Benjamin Brandt: Subscribe to the This Week in Retirement: http://thisweekinretirement.com Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Work with Benjamin: https://retirementstartstoday.com/start Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart    

God's Plan for the NationFile Size: 57674 kbFile Type: mp3Download File [...]

The most popular international equity ETFs in Australia are all starkly different. Which one is right for you and your goals?You can view the full article here.Would you like more free insights from Mark, Shani and the rest of the Morningstar team? You can find them here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

On this episode, Cat hosts a special Farce of July conversation featuring Indigenous and Black organizers reflecting on sovereignty, liberation, and the ongoing struggle for justice. Guests include Corrina Gould, Chair of the Confederated Villages of Lisjan; Indigenous leader & organizer Morning Star Gali; and organizer, author, and Black Power Media co-founder Kalonji Jama Changa. —- Subscribe to this podcast: https://plinkhq.com/i/1637968343?to=page Get in touch: lawanddisorder@kpfa.org Follow us on socials @LawAndDis: https://twitter.com/LawAndDis; https://www.instagram.com/lawanddis/ The post Farce of July Special with Corrina Gould, Morning Star Gali and Kalonji Changa appeared first on KPFA.

How do you build better money habits, overcome money shame and make smarter financial decisions? In this episode of Money Tales, money mentor Anne Lester explains why financial success isn’t about having more willpower. It’s about understanding the psychology behind your financial decisions. Whether you’re navigating your first paycheck, paying off debt, trying to save more or planning for retirement, Anne shares practical insights to help Millennials, Gen Z and anyone looking to build lasting financial confidence. Fresh out of college, Anne thought she was doing everything right. She had landed her first job, was earning a paycheck and was building an independent life. Yet she was also carrying credit card debt, struggling to save while making financial choices that felt right in the moment. Those experiences eventually shaped a career spent helping people prepare for retirement and build healthier relationships with money. In this conversation, Anne talks about the lessons she learned from her own mistakes and why building a better financial life starts with understanding yourself. About Anne Lester: Money Mentor and Financial Wellness Advocate Anne Lester is the Money Mentor for Gen Z and Millennials. She is helping a generation of young adults, and those who serve and employ them, turn money shame into money power – so they can live their best life and do their best work now. Her research for the award-winning book, Your Best Financial Life: Save Smart Now for the Future You Want, revealed that only 17% of GenZ and Millennials are confident in their money plan and on track to retire. The difference? They had a money mentor growing up. Anne earned the 2020 Lillywhite Award for lifetime contributions to Americans' economic security. During three decades at J.P. Morgan Chase, she launched and ran the SmartRetirement Target Date funds and Income Builder fund, and was named Morningstar's Asset Allocator of the Year in 2014. She's a trusted keynote speaker, emcee, and media guest for audiences ranging from employees and professionals to Bloomberg TV, Barron's, CNBC, Forbes, The Wall Street Journal, and The New York Times. Looking for more practical guidance? Aspiriant’s advisors regularly write about the habits and decisions that build long-term financial confidence. If you’re just getting started, explore 4 Financial Tips for Young Adults for foundational advice on saving, credit and investing. You can also read The Road to Financial Wellness, which offers practical strategies for developing healthy financial habits and creating a sustainable approach to managing your money. Together, these resources reinforce one of Anne’s central messages: lasting financial success begins with small, intentional choices—not perfection. Follow Money Tales on Spotify, Apple Podcasts or YouTube Music for more real stories that inspire thoughtful, intentional decisions about money.

If you've been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I'd encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs. Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you! There's a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently. If you're ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today! Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $) First Half Market Returns — 01:38Positive Second Half Historical Data — 03:18July Seasonality/Earnings Season — 08:08Earnings Volatility (banks) — 21:26Contrarian Rate Cut View — 06:45Fed Inflation vs. Market Pricing — 09:36Record Profit Margins — 11:09Long-Term-Care Insurance Interest — 15:35Show Notes:Post on X from Ryan Detrick on June 30th - https://x.com/ryandetrick/status/2072145073123287148?s=12&t=Godkt5FzuqWcmpmvo2G5Jg Post on X from Ryan Detrick on June 30th with regards to the end of Q2 - https://x.com/ryandetrick/status/2072152404204691612?s=12&t=Godkt5FzuqWcmpmvo2G5Jg Post on X from Jeffrey Hirsch on June 26th - https://x.com/AlmanacTrader/status/2070552258027122870?s=20 Post on X from Rob Anderson back on January 26th this year - https://x.com/_rob_anderson/status/2014766234311553220?s=20 Article written by Christine Benz on Morningstar on August 11th 2025 titled “Does Long-Term-Care Insurance Add Up? - https://www.morningstar.com/retirement/does-long-term-care-insurance-add-up

Zimele Mbanjwa from FNB Wealth & Investments unpacks Absa's trading update. The stock looks cheap, but the market clearly didn't like what it saw. Ruen Naidu from Ninety One discusses what a new Fed chair with a hawkish stance and a structural reform agenda could mean for markets. Sean Neethling from Morningstar explains why investment success is less about making perfect forecasts and more about being prepared for a wide range of possible outcomes.

‘Instead of trying to be particularly right on something, I think it's more important to prepare for those different potential outcomes' – Sean Neethling, Head of Investments at Morningstar.

Today on the podcast, we're delighted to welcome back Jeremy Grantham to discuss his book, The Making of a Permabear: The Perils of Long-term Investing in a Short-term World, which he co-authored with Edward Chancellor. Jeremy is the long-term investment strategist at his namesake firm, Grantham, Mayo, Van Otterloo & Company, or GMO, which he co-founded in 1977. He serves on GMO's asset-allocation committee and board of directors. Prior to GMO, Jeremy was co-founder of Batterymarch Financial Management and, before that, was an economist at Royal Dutch Shell. He earned his undergraduate degree from the University of Sheffield and his MBA from Harvard University. Jeremy is a member of the Academy of Arts and Sciences, holds a CBE from the UK, and is a recipient of the Carnegie Medal of Philanthropy. In 1997, he and his family started the Grantham Foundation for the protection of the environment, which supports research and action to address climate change. Episode Highlights 00:00:00 Writing Permabear With Edward Chancellor 00:06:44 Value Investing and Identifying Market Bubbles 00:15:07 Current Market Outlook and Valuation Risks 00:20:28 Value Discipline, SpaceX's IPO, and Past Market Bubbles 00:27:26 Speculative Trading, Indexing, and Zero‑Sum Markets 00:34:24 Market Inefficiencies, Small-Cap Stocks, and the Greater Fool Theory 00:43:27 Artificial Intelligence Hype, Attractive Assets, and Market Pessimism 00:47:02 Climate Risks, Resource Constraints, and Shrinking Populations More From Morningstar 3 Warnings for Investors From the Ultimate Contrarian Ben Carlson: Exploring Risk and Reward What Today's Index ETFs Get Right, and Wrong, for Investors If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine's weekly newsletter, Improving Your Finances. If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Are you keeping too much money in cash because you're waiting for the “right time” to invest? In this episode, Tom and Don explain why market timing has historically been one of the costliest investing mistakes—and why even the worstinvestment timing has dramatically outperformed sitting on the sidelines.They also answer listener questions about immediate annuities, I Bonds, portfolio allocation, sequence-of-returns risk, and why using whole life insurance as an investing strategy is a bad idea.00:05 – Why so much money is sitting in cash03:21 – Americans hold over $20 trillion in cash-like accounts05:08 – The enormous cost of waiting to invest07:27 – Morningstar's “Mind the Gap” study and investor behavior10:41 – Cash is trash (except when it isn't)11:41 – How to earn more on your bank savings15:55 – Should immediate annuities count as bonds in your portfolio?17:23 – I Bonds vs. TIPS and inflation protection19:50 – Is 20% cash too much in retirement?20:43 – Whole life insurance for sequence-of-returns risk?22:28 – Why the advisor's recommendation raises red flags23:39 – The real way to manage sequence risk in retirementQuestions? Comments? Click!

Every year, thousands of retirees pay an extra penalty to the IRS — and almost none of them see it coming. What catches them off guard isn't a penalty for owing too much. You can do everything right — claim Social Security at the right age, run picture-perfect Roth conversions, manage your withdrawals down to the dollar — and still get a letter from the IRS charging you extra. I reworked a framework from an article by Sheryl Rowling at Morningstar into four clean, completely legal ways to avoid getting tax penalties. After that, we've got a listener question: A retiree writes in and says, "I don't want to think about money. My plan is tested, I have enough — so what's a simple checklist I can use to stay on track?"  And to close the show, our Retire To Something segment where Clif traded his to-do list for a garden plot — and found community, leadership, and a whole lot of homegrown vegetables in the process.   Resource: Article by Sheryl Rowling at Morningstar: 5 Ways to Avoid Tax Penalties    Connect with Benjamin Brandt: Subscribe to the This Week in Retirement: http://thisweekinretirement.com Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Work with Benjamin: https://retirementstartstoday.com/start Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart  

Australia does not have an inheritance tax, but you can optimise your situation through your will to minimise overall tax paid. We lean on insights from estate planning expert Abbey John on how to structure efficiently. You can find the full article here.Would you like more free insights from Mark, Shani and the rest of the Morningstar team? You can find them here.Get 50% off your first two months of PocketSmith's Foundation or Flourish plans here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

There's just something about dividends. The popular investing strategy attracts retirees and other investors who need regular cash payouts, as well as those who like the tangible return dividends represent, even if they are reinvesting those distributions back into their portfolio. But what are the tradeoffs, and are they worth it? It depends on who you ask. From the pages of the Q2 2026 issue of Morningstar Magazine, several specialists argue against chasing higher yield. Instead, they encourage investors to balance dividends and total return. Jerry Kerns, who's the editor in chief, joins Investing Insights to discuss the magazine's spotlight.  Featured Article: Subscribe to Morningstar Magazine On this episode:  00:00:00 Welcome  00:01:35 What dividend investing is and its appeal  00:03:55 Yield chasing trade-offs and dividend cut signals  00:07:47 Why consider buyback yield alongside dividend yield  00:09:44 Dividend stocks Morningstar analysts find attractive  00:10:45 Gold-rated funds and insights into the strategies  00:12:00 How income investors can strike the right balance   Watch more from Morningstar:  Are Mutual Funds Becoming Obsolete?  https://www.morningstar.com/podcasts/investing-insights/are-mutual-funds-becoming-obsolete-2   Brace Your Portfolio for Mega-IPOs https://www.morningstar.com/podcasts/investing-insights/brace-your-portfolio-mega-ipos-2   The Portfolio That Has Been Beating the Classic 60/40, and Why It Matters for You https://www.morningstar.com/podcasts/investing-insights/portfolio-that-has-been-beating-classic-6040-why-it-matters-you-2   Follow Morningstar on social:  Facebook: https://www.facebook.com/MorningstarInc/  X: https://x.com/MorningstarInc Instagram: https://www.instagram.com/morningstarinc/  LinkedIn: https://www.linkedin.com/company/morningstar/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Go Now and Live. Episode 396 features We Are The Ocean alumni Liam Cromby and Alfie Scully, join us for a live Sappenin' Podcast recording, on stage at the iconic Download Festival 2026, for a unique reflection on the bands afterlife, making new music together under 'Liam Cromby and The Morning Star' project and serenading the crowd with an exclusive three harmony acoustic session. Turn it up and join Sean and Morgan to find out Sappenin' this week!Follow us on Social Media:Twitter: @sappeninpodInstagram: @sappeninpodSpecial thank you to our Sappenin' Podcast Patreons:Join the Sappenin' Podcast Community: Patreon.com/Sappenin.Kylie Wheeler, Janelle Caston, Paul Hirschfield, Tony Michael, Scarlet Charlton, Dilly Grimwood, Mitch Perry, Jonathan Gutierrez, Jahana, Marc Spector, Molly Molloy, James Bowerbank, Amee Louise, Kat Bessant, Amy Hogg, Chris Howard, Ian Gent, Jenni Robinson, Stuart McNaught, Jenni Munster, Keighley Mepham, Carl Pendlebury, Matt Roberts, Louis Cook, James Mcnaught, Martina McManus, Jason Heredia, Danny Eaton, Ollie Amesbury, Dan Peregreen, Emily Perry, Kalila Keane, Adam Parslow, Josh Crisp, Sofija Žuravska, Steve Howard, Connor Lewins, Kyle Smith, Em Evans Roberts, George Evans, Sinead O'Halloran, Kael braham, Jordan Harris, Georgie Hopkinson, John Wilson, Ayla Shelly, Kelly Young, David Winchurch, Justine Baddeley, Scott Evans, Andrew Simpson, Shaun Croucher, Grazyna McGroarty, Murray Grimwood, Joshua Ehrensperger-Lewis, Chris Harris, Erin Howard, Lucy Neill, Robert Fitton, Jessie Hellier, Robert Pike, Craig Harris, Anthony Matthews, Owen Davies, JessieGx, Samantha Bowen, Ruby Price, Lewis Sluman, Kieran Lewis, Samantha Neville, Evan, Andy, Michael Long, Natalie Wallace, Frances, Emma Musgrave, Ria Joy, Patrick Floyd, Sarah Maher, Ceris Clift, Hannah, Hayley Taylor, Gareth Desmond, Cheri, Loz, Jamie Snailham, Gemma Graham, Torky, Billy Parmiter, Meg, Eva B, Jack Wright, Emma Barber, Lloyd Pinder, Helen Macbeth, Katie Lyons, Dan Johnson, Mustard Mittthat, Ceri Craddock, Madeleine Inez, Robert Byrne, Christopher Goldring, Lesley Dargie-Walker. Beth Gayler, Chris Lincoln, Hannah Rachael, Kerry Beckett, Naomi Falgate, Leanne Gerrard, Ieuan Wheeler, Tom Hylands, Andrew Keech, Nuala Clark.Diolch and Thank You x Hosted on Acast. See acast.com/privacy for more information.

We're taping this podcast live at the Morningstar Investment Conference, where we're delighted to be joined by Fidelity's Will Danoff. Will runs a number of Fidelity equity strategies, the best known of which is Fidelity Contrafund FCNTX, a mutual fund he's been managing since September 1990. Morningstar named Will its Domestic-Stock Manager of the Year in 2007. Prior to becoming a portfolio manager, Will served as a retail analyst at Fidelity and assistant portfolio manager at Fidelity Magellan FMAGX. He graduated from Harvard University and earned his MBA at the Wharton School of the University of Pennsylvania. Will, welcome back to The Long View. Episode Highlights 00:00:00 Introduction 00:00:56 Investing Origins and Early Influences 00:00:53 Retail Analysis and Unit Economics 00:10:29 Reg FD Changes and Adapting Research Processes 00:15:00 Identifying Durable Competitive Advantages 00:19:24 SpaceX and Buying Private Companies 00:22:40 Investing Mistakes and Avoiding Unprofitable Companies More From Morningstar 2026 Morningstar Investment Conference: From SpaceX to Safeguarding Retirement Here's Fidelity Contrafund's Will Danoff's Secret Sauce As Legendary Manager Will Danoff Leaves Fidelity, Should Investors Follow Him Out the Door? If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine's weekly newsletter, Improving Your Finances. If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

With SpaceX (SPCX) now settling in its second full week on public markets, Morningstar's Seth Goldstein turns his attention to Tesla (TSLA) and its struggling EV business. He sees deliveries improving as the Mag 7 company hits the gas on robotaxi production. Seth then explains the synergy between Tesla and SpaceX, along with the path ahead for both of Elon Musk's public companies. He sees a potential merger as possible but one that also faces regulatory scrutiny.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Julius de Kempenaer, senior technical analyst at StockCharts, says the stock market right now is "technology against the world," and he expects that it will turn and correct, but he's not willing to put his portfolio on the line and move early, because it would put him in the path of a speeding "freight train." de Kempenaer says he can "hear what the bears are saying," and doesn't necessarily disagree with them, but he says he needs to see more signs of weakness -- like the market starting to favor defensive sectors even as it is rising -- to suggest that a downturn is near. Yalena Maleyev, senior economist at KPMG Economics – a member of the Outlook Survey Committee for the National Association for Business Economics – discusses the June 2026 NABE Outlook Survey, released today, which had the economists calling for lower and slower economic growth, higher inflation and a longer time before the Federal Reserve eases interest rates. The median expectation for personal consumption expenditures (PCE), the Fed's preferred inflation measure, rose to 3.6% for the fourth quarter. Despite those worrisome economic numbers, nearly two-thirds of the economists surveyed expect that the U.S. can forestall a recession until 2028 or later. In "The Week That Is," Vijay Marolia, chief investment officer at Regal Point Capital, discusses Kevin Warsh's debut as the chairman of the Federal Reserve, which included a hawkish stance, no dot plot or forecasting help, and a terse public statement. He also discusses the news that Charles Schwab Corp. is planning to enter prediction markets, which he says could speed up both public acceptance and regulatory scrutiny of prediction markets, and he gives his take on why the housing affordability problem is worse right now than it generally gets credit for. Plus, David Trainer, founder and president at New Constructs, puts the State Street S&P Kensho Final Frontiers ETF in the Danger Zone, noting that while the fund gets a five-star rating from Morningstar, it is filled with stocks "that are losing money hand over fist, all going after a very trendy topic ... which is hard to quantify," a condition that he says reminds him of the Internet bubble days.

Morningstar equity analyst Nicolas Owens breaks down why his team values SpaceX at just $63 per share despite the stock soaring above $200 after its IPO. We unpack the assumptions behind SpaceX's most ambitious bets, from reusable Starship launches to data centers in space and the company's growing AI ambitions. Owens also explains where he thinks investors may be getting ahead of themselves, why Starlink's opportunity could be smaller than advertised, and what milestones could ultimately justify the hype. Plus, we discuss the odds of a future Tesla–SpaceX merger and what it could mean for shareholders.

We run through the company, what our analysts think of it, and our valuation.Our coverage on Space X can be found in the 'News & Analysis' section here.Would you like more free insights from Mark, Shani and the rest of the Morningstar team? You can find them here.Get 50% off your first two months of PocketSmith's Foundation or Flourish plans here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

Bryan Armour, Morningstar's director of ETF and passive strategies research for North America, and Dan Sotiroff, Morningstar's associate director of US passive strategies research, explain why ETFs and collective investment trusts or CITs are challenging mutual funds. How Active ETFs Are Reshaping Fund Fees   On this episode: 00:00:00 Welcome  00:01:30 How ETFs and mutual funds are alike and different 00:03:34 What investors prefer now  00:06:10 Cases when owning a mutual fund instead of an ETF could be beneficial  00:09:58 Are ETFs still synonymous with passive investing? 00:12:33 Notable names behind the active ETF launches 00:14:58 Are mutual funds an endangered species?   Watch more from Morningstar: Brace Your Portfolio for Mega-IPOs The Portfolio That Has Been Beating the Classic 60/40, and Why It Matters for You The Best Opportunities for Fund Investors Today   Follow Morningstar on social:  Facebook https://www.facebook.com/MorningstarInc/  X https://x.com/MorningstarInc  Instagram https://www.instagram.com/morningstarinc/?hl=en  LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Don and Tom take on one of investors' biggest blind spots: focusing on tiny costs while ignoring the factors that have a far greater impact on long-term wealth. Using a recent Jason Zweig article as a springboard, they explain how taxes can reduce stock market returns far more than the difference between low-cost fund expense ratios. The discussion covers tax-efficient investing, asset location, ETFs versus mutual funds, dividend taxation, capital gains, and why investors should pay more attention to portfolio design than chasing the lowest possible expense ratio. They also dissect a highly tax-inefficient YieldMax fund tied to MicroStrategy and Bitcoin, illustrating how taxes and poor fund structure can devastate returns. Listener questions cover Morningstar's acquisition of CRSP indexes and whether it threatens Vanguard investors, plus whether a retiree working part-time can contribute earned income to a Roth IRA.0:05 Big-picture investing versus obsessing over tiny details0:39 Why fund expense ratios matter less than most investors think2:06 Jason Zweig's research on taxes reducing long-term market returns3:20 How taxes often outweigh fund expense differences4:06 Qualified dividends versus ordinary income taxation5:03 Why investors should pay attention to after-tax returns5:40 YieldMax funds and the hidden cost of tax inefficiency7:19 The dangers of exotic income-focused ETFs7:48 Why ETFs can be more tax-efficient than mutual funds9:15 Tax knowledge as a critical investing skill10:30 Asset location: where stocks and bonds belong11:20 The YieldMax MicroStrategy fund and Bitcoin losses11:58 The truly important parts of financial planning13:15 Listener question from Longmont, Colorado14:17 Morningstar, CRSP indexes, and Vanguard concerns16:00 Why market-cap indexes are unlikely to be manipulated17:16 Morningstar ratings and conflicts of interest discussion17:58 Thoughts on the military-industrial complex19:23 UFL football, soccer, and sports tangents20:47 Listener question about Roth IRA contributions from part-time work21:30 Filing thresholds and earned income requirements for Roth IRAs23:21 Listener questions, voice submissions, and website tools24:08 AI voices and synthetic Don McDonald25:59 Romper Room memories and closing banterQuestions? Comments? Click!

Today's guests are Morningstar's Brian Moriarty and Jack Shannon. Brian is a principal, fixed-income strategies, for Morningstar. Before assuming his current role in 2015, Brian was a client solutions consultant for Morningstar Office, a practice and portfolio management system for independent financial advisors. Before joining Morningstar in 2013, he was a research assistant for DePaul University's religious studies department. Brian holds a bachelor's degree in political science from Michigan State University and a bachelor's degree in Islamic world studies from DePaul University. Jack Shannon is a principal, equity strategies, for Morningstar. He focuses on actively managed equity strategies and is the lead analyst for MFS and Artisan Partners, among other firms. Before joining Morningstar in 2020, Jack worked in commercial banking and was a consultant providing subject-matter expertise on complex financial litigation. Jack holds a bachelor's degree in economics and history from James Madison University. He also holds a master's of business administration in investments and corporate finance from the University of Notre Dame's Mendoza College of Business. Episode Highlights 00:02:06 What are Private Markets, and What Investment Opportunities Do They Provide? 00:03:13 Do Semiliquid Funds Provide Easier Access to Private Markets? 00:05:57 Applying Morningstar Processes to Evaluate Private Markets 00:09:50 Managing Liquidity in Private Market Investments 00:18:48 Valuation and Transparency: Putting Private Assets Under the Microscope 00:24:07 Payment in Kind as a Valuation Concern 00:28:02 Public vs. Private Markets: Understanding Risk, Language, and Infrastructure Differences 00:39:28 Building Methodology to Explain Private Asset Fees and Incentive Structures 00:44:22 What Morningstar Medalist Ratings Signal for Semiliquid Funds More From Morningstar Morningstar's Guide to Public/Private Investing Private Equity Funds Step Into the Spotlight Private Credit Pricing: Are Prosecutors Opening Up Pandora's Box? If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine's weekly newsletter, Improving Your Finances. If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Dan Nathan and Guy Adami break down a historic market week, headlined by SpaceX's blockbuster IPO and Kevin Warsh's first meeting as Fed Chair. Elon priced the deal himself at $135, and the stock popped to a ~$2.2 trillion valuation—instantly the 6th most valuable company in the world. The guys dig into whether the numbers actually add up, walking through Morningstar's $63 fair value, Jim Chanos's bearish note on xAI's financials, and what a 110x sales multiple means for anyone buying the pop. They also preview Warsh's "less is more" approach to Fed communication and what a quieter central bank means for volatility ahead. Then Dan is joined by VC Ann Bordetsky, for an "Okay, Computer." segment on the private-market side of the story: the looming Anthropic and OpenAI IPOs, OpenAI's rumored token price war, the compute crunch constraining AI demand, and why the CFO may now be the most powerful seat at any AI company. Articles Referenced OpenAI Considers Drastic Price Cuts, Anticipating War for Users With Anthropic (WSJ) Everyone hates frontier AI labs, says Palantir boss (The Register) "VCs behaving badly" (Axios) —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal MediaThe financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal.Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose.Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Andy and Adam Grossman from Mayport Wealth Management share their thoughts on a handful of current events and "hot topics" relating to retirement planning. Specifically, they talk about:How to analyze an existing annuity and whether to keep it, exchange it to another annuity or surrender it ( 11:44 )The different things to factor in when considering retiring to a different state ( 23:18 )What to do with your investments regarding concerns about the U.S.'s national debt, potential inflation, potential market declines, etc. ( 33:41 )How much to try to optimize moving around cash balances between savings accounts, money market funds, Treasury Bills, CDs, etc. to try to maximize the amount of interest you can get ( 43:44 )Their thoughts on individual bonds vs bond funds, what we use, and why ( 54:27 )How we handle and implement inflation assumptions when doing financial planning with clients ( 1:05:37 )Their thoughts on how Artificial Intelligence may impact financial planning, both as advisors and as consumers ( 1:12:55 )What to make of illustrations for permanent life insurance policies, how reliable those illustrations are, when to consider buying permanent life insurance, when not to buy permanent life insurance, etc. ( 1:19:48 )Links in this episode:Mayport Wealth Management's website - https://www.mayport.com/Adam's recent appearance on Morningstar's The Long View podcast - https://www.morningstar.com/personal-finance/adam-grossman-asset-allocation-is-an-investors-best-defenseTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.comMy company newsletter - Retirement Planning InsightsYouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com

Our guest on the podcast today is Kathleen Rehl. Kathleen is an author, educator, speaker, and certified financial planner dedicated to empowering widows financially and guiding the professionals who support them. She operated her own planning firm for 18 years before shifting her focus to writing, teaching, and research. After her husband died, she transformed her personal grief into a mission, helping others navigate widowhood, legacy planning, and purposeful aging. She is the author of Moving Forward on Your Own: A Financial Guidebook for Widows. Episode Highlights Learning widowhood from the inside (00:02:17) What changes when only one person is left to make decisions (00:04:13) Irreversible choices widows often face early on (00:05:16) Stress-testing for life without a spouse: Where will you live, and how will you live? (00:08:39) Why widows leave advisors—and how advisors can do better (00:16:03) Slowing down decisions to prevent emotional and financial harm (00:18:53) Continuing care retirement communities as a housing and risk management choice (00:25:55) “Refirement” instead of retirement, and building a lasting legacy (00:30:38) More From Morningstar Harry Margolis: How to Confront Aging Challenges Head-On How to Tackle Estate Planning Basics in 7 Steps 3 Tricky Decisions for Every Retirement Plan If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine's weekly newsletter, Improving Your Finances. If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SpaceX is targeting a $1.77 trillion valuation, but some analysts think it's worth half that. Plus, Florida sues OpenAI — the first state to take legal action against an AI company. But first, President Donald Trump signed an executive order this week, similar to the one he called off last month, asking AI companies to give the government a first look at advanced models that could have national security implications. It comes after models like Anthropic's Mythos have raised cybersecurity concerns for reportedly being too good at finding and exploiting software vulnerabilities.Marketplace's Meghan McCarty Carino spoke with Liz Lopatto, senior reporter at The Verge, to learn more.Everything we talked about:“PROMOTING ADVANCED ARTIFICIAL INTELLIGENCE INNOVATION AND SECURITY” from the White House“Trump Signs Executive Order Seeking Oversight of A.I. Models” from The New York Times“SpaceX: What Investors Need to Know About Its Enormous Upcoming IPO” from Morningstar“SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says” from CNBC“Attorney General James Uthmeier Files First-in-the-Nation State-Led Lawsuit Against OpenAI, CEO Sam Altman for Deceptive Practices and Harms to Floridians” from Florida's Attorney General“OpenAI Sued by Florida's Attorney General Over AI Harms” from The Wall Street Journal

SpaceX is targeting a $1.77 trillion valuation, but some analysts think it's worth half that. Plus, Florida sues OpenAI — the first state to take legal action against an AI company. But first, President Donald Trump signed an executive order this week, similar to the one he called off last month, asking AI companies to give the government a first look at advanced models that could have national security implications. It comes after models like Anthropic's Mythos have raised cybersecurity concerns for reportedly being too good at finding and exploiting software vulnerabilities.Marketplace's Meghan McCarty Carino spoke with Liz Lopatto, senior reporter at The Verge, to learn more.Everything we talked about:“PROMOTING ADVANCED ARTIFICIAL INTELLIGENCE INNOVATION AND SECURITY” from the White House“Trump Signs Executive Order Seeking Oversight of A.I. Models” from The New York Times“SpaceX: What Investors Need to Know About Its Enormous Upcoming IPO” from Morningstar“SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says” from CNBC“Attorney General James Uthmeier Files First-in-the-Nation State-Led Lawsuit Against OpenAI, CEO Sam Altman for Deceptive Practices and Harms to Floridians” from Florida's Attorney General“OpenAI Sued by Florida's Attorney General Over AI Harms” from The Wall Street Journal